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NCR Atleos Corporation

NATL

NCR Atleos Corporation • NASDAQ
$37.07 ▲ 0.41% (+0.15)
Market Cap $2.74 B
52w High $42.23
52w Low $22.30
Dividend Yield 0%
P/E 21.18
Volume 117.66K
Outstanding Shares 73.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.078B ▼ $143M ▼ $24M ▼ 2.226% ▼ $0.33 ▼ $116M ▼
Q2-2025 $1.104B ▲ $373M ▲ $45M ▲ 4.076% ▲ $0.61 ▲ $204M ▲
Q1-2025 $980M ▼ $139M ▼ $17M ▼ 1.735% ▼ $0.23 ▼ $162M ▼
Q4-2024 $1.108B ▲ $146M ▲ $46M ▲ 4.152% ▲ $0.63 ▲ $215M ▲
Q3-2024 $1.078B $143M $24M 2.226% $-0.79 $190M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $412M ▼ $5.65B ▼ $5.319B ▼ $330M ▼
Q2-2025 $636M ▲ $5.814B ▲ $5.462B ▲ $350M ▲
Q1-2025 $352M ▼ $5.739B ▲ $5.461B ▲ $275M ▲
Q4-2024 $419M ▲ $5.552B ▼ $5.288B ▼ $260M ▼
Q3-2024 $395M $5.748B $5.486B $264M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $19M ▼ $25M ▲ $-51M ▼ $-36M ▼ $-63M ▼ $-18M ▲
Q2-2025 $42M ▲ $-23M ▼ $0 ▲ $-17M ▲ $-32M ▼ $-58M ▼
Q1-2025 $16M ▼ $123M ▲ $-37M ▼ $-49M ▲ $41M ▲ $82M ▲
Q4-2024 $49M ▲ $80M ▼ $-25M ▲ $-85M ▼ $-43M ▼ $49M ▼
Q3-2024 $23M $107M $-39M $-19M $54M $69M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
All other products and services
All other products and services
 $0 ▲$240.00M ▲$330.00M ▲$340.00M ▲
Recurring revenue
Recurring revenue
 $1.55Bn ▲$740.00M ▼$770.00M ▲$780.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady with a gentle upward trend, suggesting a mature but still growing business. Profitability has improved: margins on operations have widened, and the company moved from recent losses back into the black in the most recent year. This shift from negative to positive net income is a key positive, indicating that the underlying cost structure and pricing are working better. However, the history of losses just a couple of years ago shows earnings quality is still something to watch, not yet a long, smooth track record of stable profits.

Balance Sheet

Balance Sheet The balance sheet shows a business with sizable assets but also a heavy reliance on debt financing. Debt levels are high relative to the company’s equity, which indicates meaningful financial leverage and less of a capital cushion if conditions worsen. Cash on hand has improved over time but still looks modest versus the debt load, so refinancing needs and interest costs are important risk areas. The sharp drop in reported equity compared with a few years ago also signals balance sheet fragility that deserves attention.

Cash Flow

Cash Flow Cash generation is a relative strength. The company has consistently produced positive cash from its core operations, and it has been able to fund its investment spending while still leaving room for positive free cash flow. Capital spending needs appear manageable, not overly heavy, which helps support this pattern. Overall, cash flows look more stable and less volatile than accounting earnings, which is reassuring given the leveraged balance sheet.

Competitive Edge

Competitive Edge NCR Atleos operates from a position of scale and specialization in ATM and self-service banking infrastructure. Its global service network, deep operational know‑how, and the large Allpoint surcharge‑free ATM network create meaningful barriers to entry. The shift toward service and software‑led offerings, including full outsourcing solutions for bank ATM networks, further strengthens customer stickiness. At the same time, the company operates in a space exposed to long‑term shifts in how consumers use cash and physical banking, so its ability to keep evolving its model will be crucial.

Innovation and R&D

Innovation and R&D Innovation is centered on turning traditional ATMs into full-service, digitally integrated banking touchpoints and on offering them as a subscription‑like service. The company is pushing cardless access, advanced transaction capabilities, modern software integration, and cash‑recycling hardware to cut costs for banks. It is also leaning into data, analytics, and network‑sharing concepts to add value beyond the machine itself. Future upside depends on how well it can extend these platforms, deepen links between mobile and physical channels, and expand into new markets while keeping technology current.

Summary

Overall, NCR Atleos combines a strong competitive position in ATM and self-service banking with improving profitability and solid cash generation, but it carries a leveraged balance sheet that adds financial risk. The strategic pivot toward services, recurring revenue, and digital‑first solutions plays directly into its strengths in scale, network assets, and long industry experience. Key things to watch are its ability to sustain earnings improvements, manage its high debt load, and keep innovating fast enough to stay relevant as the banking world continues to move toward more digital, less cash‑intensive models.

NEWS

November 12, 2025 · 8:30 AM UTC

NCR Atleos to Participate in Upcoming Investor Conference

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November 5, 2025 · 4:05 PM UTC

NCR Atleos Corporation Reports Third Quarter 2025 Results

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November 4, 2025 · 1:00 AM UTC

Kuwait Finance House Collaborates with NCR Atleos to Revolutionize In-Branch Banking Experience Using Conversational AI Avatar

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October 28, 2025 · 8:30 AM UTC

NCR Atleos Announces Date of Third Quarter 2025 Earnings Conference Call

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October 16, 2025 · 8:00 AM UTC

NCR Atleos Unveils New White Paper on Utility ATM Networks

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